Eni to pursue onshore activities in Angola
Eni SPA has signed a memorandum of understanding with Angola's Sonangol to jointly examine onshore exploration and production opportunities.
LONDON, Aug. 16 -- Eni SPA has signed a memorandum of understanding with Angola's Sonangol to jointly examine onshore exploration and production opportunities.
In the MOU, the companies described the plan's principles, objectives, and timing, which are designed to boost Angola's economic, industrial, and social development.
Eni said this approach also would underpin negotiations to promote its proprietary technology and strengthen its partnership with Sonangol. Eni will implement initiatives in energy, social, industrial, and educational fields and will contribute to Angola's national content objectives.
The partners will focus on developing associated gas for power generation and on biofuels production—using surplus agricultural production not used for food. They also will implement educational projects. Other opportunities in the hydrocarbon sector will be examined as well.
Eni is operating deepwater Block 15/06 and has a current equity production of about 130,000 boe/d in Angola.
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